Unreasonable Employer - Expenses
Discussion
bga said:
I don't think people realise that some of the company charge cards are the same. The company pay for the facility but liability remains with the employee and, in the even a company went bust, the payment terms for the card holder are even less agreeable than a standard credit card.
Ours are like that and I'm absolutely certain that most of the guys don't realise - even though they signed to that effect when they were given the cards. I've always wondered if banks really would go after former employees if the employer goes bust and bill remains unpaid.
Sheepshanks said:
Ours are like that and I'm absolutely certain that most of the guys don't realise - even though they signed to that effect when they were given the cards.
I've always wondered if banks really would go after former employees if the employer goes bust and bill remains unpaid.
You might also find that the employer is receiving a rebate or deal from the card supplier.I've always wondered if banks really would go after former employees if the employer goes bust and bill remains unpaid.
I also think it's unreasonable for the employee to take the risk. A pal of mine worked for s US company and was regularly racking up £2-£3k per month on hotel and travel. There was a rumour the company was in trouble and he immediately pressed for and received a float. A few months later the firm went under though he was safe, thankfully.
UPDATE:
We had a conference call last Wednesday which anyone could connect to in order to ask questions or bring up concerns regarding expenses.
I was really pleased to hear a few others mentioning they did sometimes struggle to find the money to cover an expense upfront, though non quite as bad as me.
Some engineers who comfortably afford to cover expenses themselves still admitted they got annoyed they were expected to pay.
Thursday, an email was sent out to us all that they were looking into a solution.
Today we had another email saying we will all be issued with company credit cards in September with an initial credit limit set to our average monthly total, we can contact the finance office to have the limit increased should we reach it before the end of the month.
We can use these for all expenses, then complete an expense sheet and hand in all receipts to confirm it was a business expense.
This means my cash expenses will only be the odd bit of parking where they don't take card etc.
I guess one man can easily be ignored but once the whole team are on board it's hard to shove under the carpet!
We had a conference call last Wednesday which anyone could connect to in order to ask questions or bring up concerns regarding expenses.
I was really pleased to hear a few others mentioning they did sometimes struggle to find the money to cover an expense upfront, though non quite as bad as me.
Some engineers who comfortably afford to cover expenses themselves still admitted they got annoyed they were expected to pay.
Thursday, an email was sent out to us all that they were looking into a solution.
Today we had another email saying we will all be issued with company credit cards in September with an initial credit limit set to our average monthly total, we can contact the finance office to have the limit increased should we reach it before the end of the month.
We can use these for all expenses, then complete an expense sheet and hand in all receipts to confirm it was a business expense.
This means my cash expenses will only be the odd bit of parking where they don't take card etc.
I guess one man can easily be ignored but once the whole team are on board it's hard to shove under the carpet!
marshalla said:
Good news indeed but, as others have mentioned, check the T&C for the company card carefully - you may still have a personal liability if the company fails to pay the bill.
This was brought up in the phone call by a colleague who has been stuck in this situation in the past. Still to receive T&Cs but we were assured the cards have no financial implications on ourselves. I'm not sure how it's going to work as of yet though. 
k it - what options do you have??dancole90 said:
Today we had another email saying we will all be issued with company credit cards in September with an initial credit limit set to our average monthly total, we can contact the finance office to have the limit increased should we reach it before the end of the month.
Setting the LIMIT at the normal AVERAGE spend is utterly retarded.HereBeMonsters said:
Setting the LIMIT at the normal AVERAGE spend is utterly retarded.
Well the expenses each of us claim tend to always be a certain amount, we all look after our own jobs so the month is pretty routine. I for example rarely exceed £1200 so I will be getting a £1500 limit, any more (trips abroad usually) and i can request an increase. I don't see how that's retarded? My previous company had the same policy. The company as a whole has a credit limit on the account of £XXX, it has to be spit across the 20-30 cards which will be issued, some people only need a few hundred where a couple of others need closer to £3k.
dancole90 said:
HereBeMonsters said:
Setting the LIMIT at the normal AVERAGE spend is utterly retarded.
Well the expenses each of us claim tend to always be a certain amount, we all look after our own jobs so the month is pretty routine. I for example rarely exceed £1200 so I will be getting a £1500 limit, any more (trips abroad usually) and i can request an increase. I don't see how that's retarded? My previous company had the same policy. The company as a whole has a credit limit on the account of £XXX, it has to be spit across the 20-30 cards which will be issued, some people only need a few hundred where a couple of others need closer to £3k.
HereBeMonsters said:
So then that's not the average then is it..??
Average for each individual employee, yes. If my expenses over 3 months were £900, £1200 and £1000 then thats an average of just over a grand, plus the added few hundred quid to account for higher than usual months.That will be done for each card.
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